The Bank of Punjab (BOP) has achieved a historic milestone by securing a long-term entity rating of AAA from the Pakistan Credit Rating Agency (Pacra), upgraded from AA+. The short-term rating remains at A1+ with a stable outlook. This makes BOP the first and only provincial bank in Pakistan to attain the nation's highest credit rating.
Key Financial Improvements Drive Upgrade
The upgrade is underpinned by a stronger deposit franchise, rising profitability, and disciplined risk management. In 2025, BOP's deposits surpassed Rs2 trillion, while operating profit before credit loss allowance nearly doubled, surging 98.5% to Rs40.7 billion. The improved performance was driven by a sharply enhanced deposit mix and a substantially lower cost of funds, translating into stronger core earnings, tighter cost control, and prudent risk stewardship.
Leadership Perspective
Zafar Masud, President & CEO of The Bank of Punjab, commented on the achievement: "AAA is more than a rating, it is proof of what disciplined, professional banking can build. We have created a commercially strong institution that delivers sustainable value for shareholders while staying true to financial inclusion, responsible banking and the development of Punjab and Pakistan."
Role in Financial Inclusion and Development
BOP is Pakistan's leading digital lender and a frontrunner in priority-sector finance, including SME, agriculture, women's financial inclusion, and housing. Through government of Punjab programmes such as Asaan Karobar, Kissan Card, Livestock Card, and Apni Chat Apna Ghar, the bank has extended formal financial access to entrepreneurs, farmers, women, and first-time borrowers across the province.
Gratitude to Government of Punjab
The bank expressed gratitude to its majority sponsor, the government of Punjab, whose confidence and strategic guidance have strengthened BOP's institutional capacity and anchored its role in the province's growth and inclusion agenda.
